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Politics : Gold and Silver Stocks and Related Commentary
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From: Nikole Wollerstein2/10/2005 7:17:44 PM
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Mindoro Resources 488.38 (g/t) silver and 1.83 %copper
in Philipines

Mindoro Resources Ltd. (TSX VENTURE:MIO - News; FWB:OLM) today announced further results from scout drilling on the Lobo Project in the Philippines. These included high-grade silver-copper mineralization intersected at the Camo Prospect, where Hole 51 intersected 488.38 grams per tonne (g/t) silver and 1.83 percent copper over 4.5 meters (m). Hole 44 in the West Drift prospect area extended the gold mineralization intersected in Hole 38 for 125m along strike.

Significant intercepts from Holes 41 to 53 are shown in the accompanying table. All intercept widths quoted are estimated true widths. Drill hole locations appear on a colour map that can be viewed on the Company's website at www.mindoro.com/s/Batangas_Maps.asp.

Results for earlier phases of drilling were summarized in releases dated April 19, June 16 and November 8, 2004. The initial drilling focused on the Southwest Breccia mineralization shoot. More recent scout drilling had the objective of locating other mineralization shoots along the five to seven kilometers of epithermal vein breccia trends defined at Lobo. Much of this drilling focused on the Sampson Trend, where Hole 38 located the deeper West Drift mineralization shoot, intersecting 12.5m of 7.42 g/t gold including 2.5m at 29.46 g/t gold, as described in the news release dated Nov. 8, 2004.

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